• National Bank of Canada agreed to acquire Embark from the Embark Student Foundation for an estimated $226 million, subject to working-capital adjustments.
• Toronto-based Embark manages more than $6 billion in assets and registered education savings plans for about 436,000 beneficiaries.
• The acquisition will expand the bank’s presence in Ontario and Western Canada while strengthening its digital education-savings capabilities.
• Closing is expected by mid-current fiscal year, subject to court and regulatory approvals and customary conditions.
• The transaction is expected to reduce the bank’s common equity Tier 1 capital ratio by about 10 basis points at closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. National Bank of Canada published the original content used to generate this news brief via CNW (Ref. ID: 202611060815CANADANWCANADAPF_C1204) on November 06, 2026, and is solely responsible for the information contained therein.